THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Viet Nam's economy bounces back in January
VGP - The Vietnamese economy continued to bounce back in January this year following impressive growth pace of 7.09 percent in 2024, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
Deputy Minister of Planning and Investment Tran Quoc Phuong briefs about socio-economic performance in the first month of 2025, at the Cabinet meeting in Ha Noi, February 5, 2025 - Photo: VGP/Nhat Bac
Specifically, inflation saw a year-on-year increase of 3.63 percent while State budget revenue witnessed a year-on-year increase of 3.5 percent.
Export turnover was estimated at US$63.07 billion, resulting in a trade surplus of US$1.23 billion.
Viet Nam absorbed over US$4.3 billion in foreign direct investment (FDI), up 48.6 percent against the same period last year.
Total amount of FDI disbursement reached over US$1.5 billion, up 2 percent compared to the same period last year.
The country's index of industrial production (IIP) experienced a year-on-year growth of 0.6 percent due to prolonged nine-day Tet break.
Total retail sales of goods and services picked up 9.5 percent against the same period last year./.